76417 results returned for search: "" category "Business"
Anecdotally, it looks as if inflation is out of control in Bermuda. I rarely shop, but in the past two weeks, I have run into:
• A bag of Maltesers chocolates that retails for £1.25 ($2.50) in the UK, for sale in St. George's at $9.50;
• A medium-siz...
DATE: Feb 16, 2008
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The Royal Gazette/Bermuda Stock Exchange Index ended a busy week up 7.99 points (0.16 percent) at 4,995.28 yesterday.
A total of 25,000 shares worth $478,230 were traded throughout the day.
Butterfield Bank moved up five cents (0.3 percent) to close ...
DATE: Feb 16, 2008
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Four young Bermudian women have been promoted at the Elbow Beach Hotel, bucking the trend of the departure of local talent from the Island's hospitality industry.
April Caisey, Sophie Dier, Latosha Dill and Zeudi Hinds have all moved up the career la...
DATE: Feb 15, 2008
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Insurance compliant with Islamic beliefs is growing at such a rate that a new rating methodology has been designed specifically for it.
The new methodology, called Takaful Insurance and which outlines the application of rating agency AM Best Co.'s co...
DATE: Feb 15, 2008
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AM Best Co. has placed the financial strength rating (FSR) of A++ (superior) and issuer credit ratings (ICR) of "aa+" of the domestic life and retirement services subsidiaries of American International Group (AIG, New York) under review with negative...
DATE: Feb 15, 2008
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NEW YORK (Bloomberg) — Bond insurance sold by MBIA Inc., Ambac Financial Group Inc. and Bermuda-based Security Capital Assurance Ltd. is backfiring on counties, universities and hospitals across the US, more than doubling some borrowing costs.
Park N...
DATE: Feb 15, 2008
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LONDON (Bloomberg) - Frontline Ltd., the oil-tanker business led by Norwegian billionaire John Fredriksen, posted a 50 percent gain in fourth-quarter profit after asset sales and as higher oil production buoyed demand.
Net income rose to $202.3 milli...
DATE: Feb 15, 2008
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LONDON (AP) - Diageo plc., the world's largest producer and distributor of alcoholic drinks, reported yesterday that net profit was up 8.8 percent in the first half, driven by double-digit gains in sales of Johnnie Walker whiskey, Smirnoff vodka and ...
DATE: Feb 15, 2008
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TORONTO (Reuters) - The Toronto Stock Exchange's main index retreated yesterday, dragged down by a sell-off in financial and materials issues, amid persistent uneasiness about the outlook for the US economy.
Sun Life Financial Inc was one of the bigg...
DATE: Feb 15, 2008
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WASHINGTON (Bloomberg) — US lawmakers criticised the practices of MBIA Inc., Ambac Financial Group Inc. and the rest of the bond-insurance industry, saying they turned good debt bad and need to be put under the supervision of a federal regulator.
"It...
DATE: Feb 15, 2008
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